CEVA Logistics has won a new contract with Xiaomi, the world's third largest smartphone manufacturer, to operate their warehouse and distribution in Malaysia. Xiaomi’s business strategy of selling products directly to consumers, primarily through their online site, Mi.com requires the company to have a strong supply chain management provider who understands e-commerce and is able to handle their distribution center’s logistics needs from end to end. Under the terms of this … [Read more...] about CEVA bags Xiaomi contract in Malaysia
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CEVA wins FIAMM distribution contract in Italy
FIAMM, a manufacturer of batteries and horns for automotive and industrial use, has appointed CEVA Logistics to manage the distribution in Italy of three product groups: standby batteries, starter batteries and horns. CEVA will be responsible for the picking of products at FIAMM’s warehouses in Almisano, in the province of Vicenza, and Veronella, in the province of Verona; it will also undertake deliveries to end customers. Under a new two-year agreement, CEVA will handle around 19,000 … [Read more...] about CEVA wins FIAMM distribution contract in Italy
Global freight management system outlook 2019
The freight management system market is expected to grow from US$14.3 billion to US$39.09 billion with a CAGR of 22.28 per cent from 2014-2019, according to a report by Research and Markets. The efficient movement of freight is essential to any economy and also to the quality of life. Introducing an efficient, cost-effective fright transportation system supports small and local players to compete proficiently at the global arena. With the implication of these solutions, many freight … [Read more...] about Global freight management system outlook 2019
Gulfstream picks CEVA for European distribution
Gulfstream Aerospace Corp. has appointed CEVA Logistics to operate a new European Parts Distribution Centre at London Heathrow Airport. The new facility will support Gulfstream customers in the UK, Ireland, mainland Europe and the Nordics with urgent high-usage items. It will also provide rapid-response support for technicians from Gulfstream’s service centre at London Luton Airport and Gulfstream Field and Airborne Support Team (FAST) members based throughout Europe. The … [Read more...] about Gulfstream picks CEVA for European distribution
CEVA expands freight management facilities in Los Angeles
CEVA Logistics has expanded its Los Angeles (LAX)/Torrance freight management operation. One of the largest operations in CEVA’s global network, the company’s LAX/Torrance station now comprises three facilities totaling more than one million sq. ft. (92,903 sqm.) and 170 dock doors. The latest facility to be added to the LAX/Torrance campus features 319,000 sq. ft. (29,635 sqm.) of warehouse space and 50,000 sq. ft. (4,645 sqm.) of office space, with 50 dock loading … [Read more...] about CEVA expands freight management facilities in Los Angeles
CEVA confident on future as 2Q results down
Saying he was pleased with the progress made in rebuilding the leadership team at CEVA, the group’s CEO, Xavier Urbain, said: “Our performance improvement coupled with the strong increase in our new business pipeline points to the company being on the right track for growth... The numbers show we are gaining traction and are positioned well to make further progress in the future." Revenue of US$1.98 billion declined 4.2 per cent in the second quarter compared to $2.06 … [Read more...] about CEVA confident on future as 2Q results down